Question

The town of Euclid started a voluntary recycling program. The first year it was utilized by 1500 residents. Every year afterward, the number of new users was 120% of the new users the year before. After 6 years, how many people total were using the recycling program?

Answer 1

170,070 residents

Explanation:

Original population = 1500 residents

Total population after 6 years is calculated using the formula

A = P(1+r)^t

r is the rate = 120% = 1.2

t is the time = 6 years

P is the original population

A = 1500(1+1.2)^6

A = 1500(2.2)^6

A = 1500(113.379904)

A = 170,069.856

Hence the total people using the recycling program after 6 years is approximately 170,070 residents